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A Peek Into The Markets: US Stock Futures Edge Higher; Fed Minutes In Focus

A Peek Into The Markets: US Stock Futures Edge Higher; Fed Minutes In Focus
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Australian PMI: Manufacturing grows at record pace in June

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Australian PMI: Manufacturing grows at record pace in June
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) rose by 1.4 points to 63.2 in June, delivering the highest monthly result since the Australian PMI® commenced in 1992 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion).
Ai Group Chief Executive Innes Willox said: “The 2020-21 financial year closed on a high note for Australia’s manufacturing sector. Ai Group’s June Australian PMI® pointed to record growth across the sector fuelled by the fastest recorded pace of expansion in each of the food & beverages; machinery & equipment; building materials; and chemicals sectors. Production, employment, and sales exports were all higher than in May although the rate of acceleration generally eased. Exports of manufactured goods surged in June and new orders were also higher, pointing to the like ....

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Australian PSI: Services sector recovery continues to strengthen in April

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Australian PSI: Services sector recovery continues to strengthen in April
The Australian Industry Group Australian Performance of Services Index (Australian PSI®) rose by 2.3 points to 61.0 in April, recording its highest monthly result since October 2003 as the recovery following the COVID-19 recession of 2020 continued to gain strength (results above 50 points indicate expansion, with the distance from 50 points indicating the strength of the increase).
Ai Group Chief Executive, Innes Willox, said: “Australia’s services industry expanded further in April growing at a faster pace than at any time since October 2003. The logistics sector was particularly strong reflecting growth across a wide range of its customer base. Retail trade and hospitality businesses benefitted from the relative success Australia is having on the health front, the easing of distancing and inter-state restrictions as well as the return of greater levels of consumer confidence. Ac ....

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Australian PMI: Manufacturing goes from strength to strength in April 2021

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Australian PMI: Manufacturing goes from strength to strength in April 2021
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) increased by a further 1.8 points to 61.7 in April, indicating a seventh consecutive month of recovery from the severe disruptions of COVID-19 in Q2 of 2020 and the index’s highest monthly result since March 2018. It is the third highest rate of growth recorded since the Australian PMI® moved to a monthly format in May 2001 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion).
All six manufacturing sectors in the Australian PMI® expanded in April 2021, as did all seven activity indicators. The capacity utilisation index hit a record high, suggesting employment and/or investment may need to step up in order to facilitate further growth from here. ....

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A Peek Into The Markets: US Stock Futures Mixed Ahead Of Producer Prices, Wholesale Inventories Data

A Peek Into The Markets: US Stock Futures Mixed Ahead Of Producer Prices, Wholesale Inventories Data
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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